99X INCREO AS: årsregnskap 2017 vs 2016
Grew 33% on revenue, fresh owner capital
approved 2018-03-12; registry 2018-03-15; journal 2018 231319
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 99X INCREO AS. Revenue 13.81m NOK → 18.36m NOK (+33.0%). Net result +732.8k NOK → +854.4k NOK. Equity 2.10m NOK → 2.73m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.81m NOK to 18.36m NOK (+33.0% YoY). Calculated
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↑
Net result improved
Net result +732.8k NOK → +854.4k NOK (net margin 5.3% → 4.7%). Calculated
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↑
Equity strengthened
Book equity 2.10m NOK → 2.73m NOK (equity ratio 21.1% → 22.8%). Calculated
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↑
Cash rose
Bank deposits 5.57m NOK → 7.90m NOK (+41.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 175.8k NOK (+75.8k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +948.8k NOK → +362.2k NOK (op. margin 6.9% → 2.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 8.52m NOK → 12.00m NOK (62% → 65% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 434.6k NOK → 960.5k NOK (+121.0% YoY). Calculated